Ask me about Credit Scores

[clapper]

Checked my Equifax report and score which is 788.
Under whats impacting score it says,
Number of national credit cards trades with balance greater than or equal to99%of high credit.
??? Look like it because of my amex charge card account i opened last month which was reported as high credit = 353 and balance = 353
Payment amount says unavailable, type of account says open and months reviewed says 01
Will this correct itself?

[sslinn]

There isn't actually anything to correct, but yes the information will change after your first billing period.

[HandsomeRob]

Faco scores are both 620-630. They've risen a whopping 15 pts in 3 years.

I've got a 5 year old R9 paid up Visa card.
A 5 year old autoloan R5 but paid in full. Should be removed but Equifax are being _______'s. http://forums.redflagdeals.com/credi...stion-1178616/
Two 5 year old collections accounts paid 5 years ago <$200.
(Notice a trend)

Two 8 year old Savings accounts that RBC posted to collections 18 months ago, monthly bank fees into overdraft because the accounts weren't canceled properly, something I will hate them for forever. Total of $350 paid the day they were posted.

3 Year old $1500 credit card never more than 30% utilized R1.
Cell phone R1. Few other misc. R1 6 years old.

Gross income is $4000/month, housing $600. Household $7000/month, housing $1200. An RSP worth probably around $4000 last I checked but accumulating at $300/month and a savings account that fluctuates but gets used for tuition.

Two hard inquiries in the last 24 months applying for $1500 CC from my financial institution, denied both times. Trying to build credit because by this time next year the RSP ought to be around $8000 + I'll get laid off & re-hired with $8000 in severance + whatever the Mrs & I save, hoping to be first time home buyers. By that point all of the negative items save the god awful RBC savings accounts will be removed.

Should I be entertaining the idea of another financial institution? Or anything else I should be doing?

[nyder74]

Faco scores are both 620-630. They've risen a whopping 15 pts in 3 years.

I've got a 5 year old R9 paid up Visa card.
A 5 year old autoloan R5 but paid in full. Should be removed but Equifax are being _______'s. http://forums.redflagdeals.com/credi...stion-1178616/
Two 5 year old collections accounts paid 5 years ago <$200.
(Notice a trend)

Two 8 year old Savings accounts that RBC posted to collections 18 months ago, monthly bank fees into overdraft because the accounts weren't canceled properly, something I will hate them for forever. Total of $350 paid the day they were posted.

3 Year old $1500 credit card never more than 30% utilized R1.
Cell phone R1. Few other misc. R1 6 years old.

Gross income is $4000/month, housing $600. Household $7000/month, housing $1200. An RSP worth probably around $4000 last I checked but accumulating at $300/month and a savings account that fluctuates but gets used for tuition.

Two hard inquiries in the last 24 months applying for $1500 CC from my financial institution, denied both times. Trying to build credit because by this time next year the RSP ought to be around $8000 + I'll get laid off & re-hired with $8000 in severance + whatever the Mrs & I save, hoping to be first time home buyers. By that point all of the negative items save the god awful RBC savings accounts will be removed.

Should I be entertaining the idea of another financial institution? Or anything else I should be doing?

Bit confused, if RBC just sent the accounts to collections 18 months ago, when are you expecting them to removed? is RBC going to remove them as some sort of good will gesture?

Nyd

[HandsomeRob]

Bit confused, if RBC just sent the accounts to collections 18 months ago, when are you expecting them to removed? is RBC going to remove them as some sort of good will gesture?

Nyd

I'm not, they'll be all thats left.